---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-042685"
form_type: "8-K"
ticker: "ENVA"
cik: "0001529864"
company_name: "Enova International, Inc."
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T10:09:27.804514+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Enova subsidiary issues $261M in asset-backed notes across four classes

## Summary
- Series 2025-1 Notes: $126.8M Class A (5.08%), $57.8M Class B (5.52%), $45.5M Class C (6.64%), $31.2M Class D (8.77%).
- Weighted average fixed coupon 5.89% per annum; portfolio of pledged loans ~$275M.
- Proceeds used to purchase small business loans from OnDeck for general corporate purposes.
- Revolving period ends March 2028; final maturity April 2032; notes are bankruptcy-remote with no recourse to Enova.
- Notes offered under Rule 144A/Reg S, not registered under Securities Act.

## SEC filing metadata
- accession: 0000950170-25-042685
- form_type: 8-K
- ticker: ENVA
- cik: 0001529864
- company_name: Enova International, Inc.
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529864/000095017025042685/0000950170-25-042685-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529864/000095017025042685/enva-20250320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-042685
- JSON: https://secwatch.observer/filing/0000950170-25-042685.json
- Plain text: https://secwatch.observer/filing/0000950170-25-042685.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.